{"id":710201,"date":"2026-06-17T21:43:16","date_gmt":"2026-06-17T21:43:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/710201\/"},"modified":"2026-06-17T21:43:16","modified_gmt":"2026-06-17T21:43:16","slug":"spacex-is-sucking-the-oxygen-out-of-the-new-space-trade","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/710201\/","title":{"rendered":"SpaceX is sucking the oxygen out of the new space trade"},"content":{"rendered":"\n

SpaceX (SPCX<\/a>) stock is flying high, and so are the older aerospace incumbents. The newer space trade is not.<\/p>\n

Since SpaceX began trading, shares are up more than 30%, keeping the company at the center of one of the biggest market stories of the year.<\/a><\/p>\n

But the move has split the space trade in two.<\/p>\n

Old-line aerospace and defense names have broadly caught a bid since the IPO.<\/p>\n

GE Aerospace (GE<\/a>), Howmet Aerospace (HWM<\/a>), Honeywell (HON<\/a>), Parker-Hannifin (PH<\/a>), Eaton (ETN<\/a>), and TransDigm (TDG<\/a>) are all up roughly 5% to 9% over the same stretch. Boeing (BA<\/a>), RTX (RTX<\/a>), Airbus (AIR.PA<\/a>), Wabtec (WAB<\/a>), and Curtiss-Wright (CW<\/a>) are also higher.<\/p>\n

\"Heat Heat map of aerospace and defense incumbents since the SpaceX IPO. \u00b7 Yahoo Finance <\/p>\n

The smaller public space stocks look very different.<\/p>\n

Rocket Lab (RKLB<\/a>) is down about 5%. AST SpaceMobile (ASTS<\/a>), EchoStar (SATS<\/a>), Viasat (VSAT<\/a>), Redwire (RDW<\/a>), Planet Labs (PL<\/a>), and Satellogic (SATL<\/a>) are down roughly 10% to 16%. Virgin Galactic (SPCE<\/a>), Sidus Space (SIDU<\/a>), and Intuitive Machines (LUNR<\/a>) have fallen more than 20%.<\/p>\n

\"Heat Heat map of smaller space stocks since the SpaceX IPO. \u00b7 Yahoo Finance <\/p>\n

SpaceX has not sparked a blanket “buy space” trade. It has turned into a sorting machine.<\/p>\n

Before SPCX’s debut, smaller public space names were one of the few ways investors could trade the theme while SpaceX remained private. Investors were already chasing pre-IPO SpaceX exposure through ETFs and wrappers<\/a>, and the IPO finally gave them the main event.<\/p>\n

Now the question is whether those old proxies still deserve the same oxygen.<\/p>\n

For now, the market’s answer is blunt. SpaceX changed the scoreboard, and the newer space names have to prove they can win attention on their own.<\/p>\n

<\/a> <\/p>\n

The public debut of Elon Musk’s rocket and AI company is expected to make history. <\/p>\n

\"SpaceX <\/a> <\/p>\n

Jared Blikre is the global markets and data editor for Yahoo Finance. Follow him on X at @SPYJared<\/a> or email him at jaredblikre@yahooinc.com.<\/p>\n

Click here for in-depth analysis of the latest stock market news and events moving stock prices<\/a><\/p>\n

Read the latest financial and business news from Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"SpaceX (SPCX) stock is flying high, and so are the older aerospace incumbents. The newer space trade is…\n","protected":false},"author":2,"featured_media":710202,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[81115,27447,179374,79,193,220363,306325,1513,252338],"class_list":["post-710201","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-aerospace-and-defense","tag-ge-aerospace","tag-howmet-aerospace","tag-science","tag-space","tag-space-stocks","tag-space-trade","tag-spacex","tag-spacex-ipo"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/710201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=710201"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/710201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/710202"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=710201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=710201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=710201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}